Global Retinol Market Size, Trends, By Source (Natural, Synthetic), By Product Type (Creams, Serums, Oils, and Others), By Application (Cosmetics & Personal Care, Food & Beverages, Dietary Supplements, Animal Feed, and Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa): Global Opportunity Analysis and Industry Forecast, 2023-2030.
Global Retinol Market
The Global Retinol Market was valued at US$ 1.26 Bn in 2022, estimated to reach US$ 1.73 Bn by 2030, with a CAGR of 3.32% from 2023-2030.
Retinol is a type of vitamin A, which is a fat-soluble vitamin that is essential for maintaining healthy vision, skin, and the immune system. Retinol is a popular ingredient in many skincare products because of its ability to promote skin health. When applied topically, retinol can stimulate the production of collagen and elastin, which can improve skin texture and reduce the appearance of fine lines and wrinkles. Retinol can also help to unclog pores and prevent acne by regulating the production of sebum, which is the oil that can clog pores and lead to breakouts.
Market Drivers
The global market for retinol is primarily driven by the increasing demand for anti-aging skincare products. Retinol has been shown to have significant benefits in improving skin texture, reducing the appearance of fine lines and wrinkles, and promoting overall skin health. This has led to a surge in demand for retinol-based skincare and pharmaceutical products, particularly in developed markets such as the US, Europe, and Japan.
In addition to its anti-aging benefits, retinol is also used in the treatment of acne and other skin conditions, further contributing to its growing popularity. Increasing awareness about the harmful effects of environmental pollutants and UV radiation on the skin has also led to a growing demand for retinol-based products as a means of protecting and repairing the skin.
Market Restraints
A major factor that may impede the growth of the retinol market is the potential for skin irritation and sensitivity associated with retinol-based products, especially at higher concentrations. This can limit the use of retinol by consumers with sensitive skin or those who are prone to irritation.
Another restraint is the high cost of retinol-based skincare products compared to other skincare products, which may make them less accessible to some consumers. The limited availability of retinol from natural sources may also contribute to the high cost of retinol-based products.
Moreover, the increasing demand for plant-based and natural skin care products may also impact the growth of the retinol market, as some consumers may prefer to use products with natural or organic ingredients rather than synthetic compounds such as retinol.
Market Segmentation
The scope of the global retinol market covers segmentation based on source, product type, application, and region.
Based on the source, the market is segmented into natural and synthetic. Based on product types, retinol is segmented into creams, serums, oils, and others.
Further, the market is segmented into applications, such as cosmetics & personal care, food & beverages, dietary supplements, animal feed, and others.
Regional Analysis
The global retinol market is segmented into 5 main regions, namely, North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
North America and Europe are currently the dominant markets for retinol. These regions have well-established skincare industries and a high level of consumer awareness about the benefits of retinol-based products, which has driven the growth of the market.
However, the Asia-Pacific region is expected to witness fast growth in the retinol market in the coming years. The rising disposable income and increasing urbanization in countries such as China and India have led to a growing demand for skincare products, including those with retinol. Additionally, the increasing awareness about the benefits of retinol-based products for skin health, coupled with the influence of social media and celebrity endorsements, is expected to further drive the growth of the market in the region.
Key Players
BASF SE, Koninklijke DSM NV, Riken Vitamin Co Ltd, Biotics Research Corporation, Zhejiang NHU Co Ltd, Adisseo, Divi’s Laboratories Limited, Sederma SAS, Bausch & Lomb Inc, Seidler Chemical Co Inc, etc.
Market Taxonomy
By Source
• Natural
• Synthetic
By Product Type
• Creams
• Serums
• Oils
• Others
By Application
• Cosmetics & Personal Care
• Food & Beverages
• Dietary Supplements
• Animal Feed
• Others
By Region
• North America
o U.S.
o Canada
o Mexico
• Latin America
o Brazil
o Argentina
o Colombia
o Peru
o Chile
o Venezuela
o Rest of Latin America
• Europe
o Germany
o France
o UK
o Russia
o Italy
o Spain
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o New Zealand
o Singapore
o Malaysia
o Rest of Asia Pacific
• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o Kuwait
o South Africa
o Rest Middle East & Africa
Key Questions Addressed by the Report
• What are the key opportunities in the Global Retinol Market?
• What will be the growth rate from 2023 to 2030?
• Which segment/region will have the highest growth?
• What are the factors that will impact/drive the market?
• What is the competitive landscape in the industry?
• What is the role of key players in the value chain?
Global Retinol Market
1 Introduction
1.1 Objective of the Study
1.2 Market Definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Retinol Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to Recent Energy Crisis
4.2.5 Cumulative Impact due to Nearing Economic Downturn
4.2.6 Post Covid-19 World Supply & Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Retinol Market, By Source
5.1 Y-o-Y Growth Comparison, By Source
5.2 Global Retinol Market Share Analysis, By Source
5.3 Global Retinol Market Size and Forecast, By Source
5.3.1 Natural
5.3.2 Synthetic
6 Global Retinol Market, By Product Type
6.1 Y-o-Y Growth Comparison, By Product Type
6.2 Global Retinol Market Share Analysis, By Product Type
6.3 Global Retinol Market Size and Forecast, By Product Type
6.3.1 Creams
6.3.2 Serums
6.3.3 Oils
6.3.4 Others
7 Global Retinol Market, By Application
7.1 Y-o-Y Growth Comparison, By Application
7.2 Global Retinol Market Share Analysis, By Application
7.3 Global Retinol Market Size and Forecast, By Application
7.3.1 Cosmetics & Personal Care
7.3.2 Food & Beverages
7.3.3 Dietary Supplements
7.3.4 Animal Feed
7.3.5 Others
8 Global Retinol Market, By Region
8.1 Global Retinol Market Share Analysis, By Region
8.2 Global Retinol Market Size and Forecast, By Region
8.3 Global Retinol Market Trends and Forecast, By Region
9 North America Retinol Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 North America Retinol Market Share Analysis, By Source
9.3 North America Retinol Market Size and Forecast, By Product Type
9.4 North America Retinol Market Size and Forecast, By Application
9.5 North America Retinol Market Size and Forecast, By Country
9.5.1 U.S.
9.5.1.1 Market Size and Forecast, By Source
9.5.1.2 Market Size and Forecast, By Product Type
9.5.1.3 Market Size and Forecast, By Application
9.5.2 Canada
9.5.2.1 Market Size and Forecast, By Source
9.5.2.2 Market Size and Forecast, By Product Type
9.5.2.3 Market Size and Forecast, By Application
9.5.3 Mexico
9.5.3.1 Market Size and Forecast, By Source
9.5.3.2 Market Size and Forecast, By Product Type
9.5.3.3 Market Size and Forecast, By Application
10 Europe Retinol Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Europe Retinol Market Share Analysis, By Source
10.3 Europe Retinol Market Size and Forecast, By Product Type
10.4 Europe Retinol Market Size and Forecast, By Application
10.5 Europe Retinol Market Size and Forecast, By Country
10.5.1 Germany
10.5.1.1 Market Size and Forecast, By Source
10.5.1.2 Market Size and Forecast, By Product Type
10.5.1.3 Market Size and Forecast, By Application
10.5.2 France
10.5.2.1 Market Size and Forecast, By Source
10.5.2.2 Market Size and Forecast, By Product Type
10.5.2.3 Market Size and Forecast, By Application
10.5.3 UK
10.5.3.1 Market Size and Forecast, By Source
10.5.3.2 Market Size and Forecast, By Product Type
10.5.3.3 Market Size and Forecast, By Application
10.5.4 Russia
10.5.4.1 Market Size and Forecast, By Source
10.5.4.2 Market Size and Forecast, By Product Type
10.5.4.3 Market Size and Forecast, By Application
10.5.5 Italy
10.5.5.1 Market Size and Forecast, By Source
10.5.5.2 Market Size and Forecast, By Product Type
10.5.5.3 Market Size and Forecast, By Application
10.5.6 Spain
10.5.6.1 Market Size and Forecast, By Source
10.5.6.2 Market Size and Forecast, By Product Type
10.5.6.3 Market Size and Forecast, By Application
10.5.7 Rest of Europe
10.5.7.1 Market Size and Forecast, By Source
10.5.7.2 Market Size and Forecast, By Product Type
10.5.7.3 Market Size and Forecast, By Application
11 Asia Pacific Retinol Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Asia Pacific Retinol Market Share Analysis, By Source
11.3 Asia Pacific Retinol Market Size and Forecast, By Product Type
11.4 Asia Pacific Retinol Market Size and Forecast, By Application
11.5 Asia Pacific Retinol Market Size and Forecast, By Country
11.5.1 China
11.5.1.1 Market Size and Forecast, By Source
11.5.1.2 Market Size and Forecast, By Product Type
11.5.1.3 Market Size and Forecast, By Application
11.5.2 Japan
11.5.2.1 Market Size and Forecast, By Source
11.5.2.2 Market Size and Forecast, By Product Type
11.5.2.3 Market Size and Forecast, By Application
11.5.3 India
11.5.3.1 Market Size and Forecast, By Source
11.5.3.2 Market Size and Forecast, By Product Type
11.5.3.3 Market Size and Forecast, By Application
11.5.4 South Korea
11.5.4.1 Market Size and Forecast, By Source
11.5.4.2 Market Size and Forecast, By Product Type
11.5.4.3 Market Size and Forecast, By Application
11.5.5 Australia
11.5.5.1 Market Size and Forecast, By Source
11.5.5.2 Market Size and Forecast, By Product Type
11.5.5.3 Market Size and Forecast, By Application
11.5.6 New Zealand
11.5.6.1 Market Size and Forecast, By Source
11.5.6.2 Market Size and Forecast, By Product Type
11.5.6.3 Market Size and Forecast, By Application
11.5.7 Singapore
11.5.7.1 Market Size and Forecast, By Source
11.5.7.2 Market Size and Forecast, By Product Type
11.5.7.3 Market Size and Forecast, By Application
11.5.8 Malaysia
11.5.8.1 Market Size and Forecast, By Source
11.5.8.2 Market Size and Forecast, By Product Type
11.5.8.3 Market Size and Forecast, By Application
11.5.9 Rest of Asia
11.5.9.1 Market Size and Forecast, By Source
11.5.9.2 Market Size and Forecast, By Product Type
11.5.9.3 Market Size and Forecast, By Application
12 Latin America Retinol Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Latin America Retinol Market Share Analysis, By Source
12.3 Latin America Retinol Market Size and Forecast, By Product Type
12.4 Latin America Retinol Market Size and Forecast, By Application
12.5 Latin America Retinol Market Size and Forecast, By Country
12.5.1 Brazil
12.5.1.1 Market Size and Forecast, By Source
12.5.1.2 Market Size and Forecast, By Product Type
12.5.1.3 Market Size and Forecast, By Application
12.5.2 Argentina
12.5.2.1 Market Size and Forecast, By Source
12.5.2.2 Market Size and Forecast, By Product Type
12.5.2.3 Market Size and Forecast, By Application
12.5.3 Colombia
12.5.3.1 Market Size and Forecast, By Source
12.5.3.2 Market Size and Forecast, By Product Type
12.5.3.3 Market Size and Forecast, By Application
12.5.4 Peru
12.5.4.1 Market Size and Forecast, By Source
12.5.4.2 Market Size and Forecast, By Product Type
12.5.4.3 Market Size and Forecast, By Application
12.5.5 Chile
12.5.5.1 Market Size and Forecast, By Source
12.5.5.2 Market Size and Forecast, By Product Type
12.5.5.3 Market Size and Forecast, By Application
12.5.6 Venezuela
12.5.6.1 Market Size and Forecast, By Source
12.5.6.2 Market Size and Forecast, By Product Type
12.5.6.3 Market Size and Forecast, By Application
12.5.7 Rest of Latin America
12.5.7.1 Market Size and Forecast, By Source
12.5.7.2 Market Size and Forecast, By Product Type
12.5.7.3 Market Size and Forecast, By Application
13 Middle East Retinol Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Middle East Retinol Market Share Analysis, By Source
13.3 Middle East Retinol Market Size and Forecast, By Product Type
13.4 Middle East Retinol Market Size and Forecast, By Application
13.5 Middle East Retinol Market Size and Forecast, By Country
13.5.1 Saudi Arabia
13.5.1.1 Market Size and Forecast, By Source
13.5.1.2 Market Size and Forecast, By Product Type
13.5.1.3 Market Size and Forecast, By Application
13.5.2 UAE
13.5.2.1 Market Size and Forecast, By Source
13.5.2.2 Market Size and Forecast, By Product Type
13.5.2.3 Market Size and Forecast, By Application
13.5.3 Egypt
13.5.3.1 Market Size and Forecast, By Source
13.5.3.2 Market Size and Forecast, By Product Type
13.5.3.3 Market Size and Forecast, By Application
13.5.4 Kuwait
13.5.4.1 Market Size and Forecast, By Source
13.5.4.2 Market Size and Forecast, By Product Type
13.5.4.3 Market Size and Forecast, By Application
13.5.5 South Africa
13.5.5.1 Market Size and Forecast, By Source
13.5.5.2 Market Size and Forecast, By Product Type
13.5.5.3 Market Size and Forecast, By Application
13.5.6 Rest of Middle East & Africa
13.5.6.1 Market Size and Forecast, By Source
13.5.6.2 Market Size and Forecast, By Product Type
13.5.6.3 Market Size and Forecast, By Application
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 BASF SE
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Koninklijke DSM NV
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Riken Vitamin Co Ltd
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Biotics Research Corporation
15.4.1 Overview
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Zhejiang NHU Co Ltd
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Adisseo
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Divi’s Laboratories Limited
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Sederma SAS
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Bausch & Lomb Inc
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Seidler Chemical Co Inc
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
